United States 12 Month Oil Fund LP (NYSEARCA:USL) Sees Large Growth in Short Interest

United States 12 Month Oil Fund LP (NYSEARCA:USL) saw a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 55,422 shares, a growth of 148.5% from the September 30th total of 22,300 shares. Based on an average daily trading volume, of 12,209 shares, the short-interest ratio is presently 4.5 days. Approximately 7.4% of the company’s shares are short sold.

United States 12 Month Oil Fund Trading Up 0.3%

USL stock traded up $0.21 during midday trading on Friday, reaching $64.42. 10,084 shares of the company’s stock traded hands, compared to its average volume of 26,695. The business has a 50-day moving average price of $57.63 and a two-hundred day moving average price of $49.51. United States 12 Month Oil Fund has a fifty-two week low of $32.25 and a fifty-two week high of $65.40.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Continuum Advisory LLC acquired a new position in shares of United States 12 Month Oil Fund during the second quarter valued at $43,000. Farther Finance Advisors LLC grew its holdings in United States 12 Month Oil Fund by 67.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,045 shares of the company’s stock worth $60,000 after buying an additional 420 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new stake in United States 12 Month Oil Fund in the 2nd quarter valued at approximately $92,000. Finally, Greenfield Seitz Capital Management LLC increased its position in United States 12 Month Oil Fund by 2.5% in the 3rd quarter. Greenfield Seitz Capital Management LLC now owns 17,980 shares of the company’s stock valued at $1,026,000 after acquiring an additional 430 shares during the period.

About United States 12 Month Oil Fund

The United States 12 Month Oil Fund, LP (USL) is an exchange-traded fund that is based on the 12 Month Light Sweet Crude Oil index. The fund tracks light, sweet crude oil spot prices using an average of the 12 nearest-month NYMEX WTI crude oil futures contracts. USL was launched on Dec 6, 2007 and is managed by US Commodity Funds.